{"id":33004,"date":"2024-04-15T09:10:05","date_gmt":"2024-04-15T09:10:05","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=33004"},"modified":"2024-04-15T09:10:05","modified_gmt":"2024-04-15T09:10:05","slug":"reserve-bank-of-india-issues-all-types-of-currency-in-india-but-it-does-not-issue-which-type-of-currency","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/reserve-bank-of-india-issues-all-types-of-currency-in-india-but-it-does-not-issue-which-type-of-currency\/","title":{"rendered":"Reserve Bank of India issues all types of currency in India, but it does not issue which type of currency?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;One rupee note&#8221; option2=&#8221;One thousand rupee note&#8221; option3=&#8221;Five rupee note&#8221; option4=&#8221;Ten rupee note&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: A. One rupee note.<\/p>\n<p>The Reserve Bank of India (RBI) is the central bank of India. It was established on April 1, 1935, in accordance with the Reserve Bank of India Act, 1934. The RBI is the sole issuer of currency in India. It also acts as the banker to the government of India and the banker&#8217;s bank.<\/p>\n<p>The RBI issues currency notes in denominations of \u00e2\u0082\u00b910, \u00e2\u0082\u00b920, \u00e2\u0082\u00b950, \u00e2\u0082\u00b9100, \u00e2\u0082\u00b9500, and \u00e2\u0082\u00b92000. It also issues coins in denominations of \u00e2\u0082\u00b91, \u00e2\u0082\u00b92, \u00e2\u0082\u00b95, \u00e2\u0082\u00b910, and \u00e2\u0082\u00b920.<\/p>\n<p>The RBI does not issue currency notes in denominations of \u00e2\u0082\u00b91. This is because the cost of printing and distributing \u00e2\u0082\u00b91 notes is higher than the value of the note itself. The RBI also believes that \u00e2\u0082\u00b91 notes are not very useful, as most transactions in India are done in higher denominations.<\/p>\n<p>The RBI has also stopped issuing coins in denominations of \u00e2\u0082\u00b91 and \u00e2\u0082\u00b92. This is because these coins are not very popular, and they are often counterfeited. The RBI believes that it is more efficient to use \u00e2\u0082\u00b95 coins instead of \u00e2\u0082\u00b91 and \u00e2\u0082\u00b92 coins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;One rupee note&#8221; option2=&#8221;One thousand rupee note&#8221; option3=&#8221;Five rupee note&#8221; option4=&#8221;Ten rupee note&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"class_list":["post-33004","post","type-post","status-publish","format-standard","hentry","category-banking-and-financial-institutions","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reserve Bank of India issues all types of currency in India, but it does not issue which type of currency?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/reserve-bank-of-india-issues-all-types-of-currency-in-india-but-it-does-not-issue-which-type-of-currency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reserve Bank of India issues all types of currency in India, but it does not issue which type of currency?\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;One rupee note&#8221; option2=&#8221;One thousand rupee note&#8221; option3=&#8221;Five rupee note&#8221; option4=&#8221;Ten rupee note&#8221; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/reserve-bank-of-india-issues-all-types-of-currency-in-india-but-it-does-not-issue-which-type-of-currency\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T09:10:05+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Reserve Bank of India issues all types of currency in India, but it does not issue which type of currency?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/reserve-bank-of-india-issues-all-types-of-currency-in-india-but-it-does-not-issue-which-type-of-currency\/","og_locale":"en_US","og_type":"article","og_title":"Reserve Bank of India issues all types of currency in India, but it does not issue which type of currency?","og_description":"[amp_mcq option1=&#8221;One rupee note&#8221; option2=&#8221;One thousand rupee note&#8221; option3=&#8221;Five rupee note&#8221; option4=&#8221;Ten rupee note&#8221; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/reserve-bank-of-india-issues-all-types-of-currency-in-india-but-it-does-not-issue-which-type-of-currency\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T09:10:05+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/reserve-bank-of-india-issues-all-types-of-currency-in-india-but-it-does-not-issue-which-type-of-currency\/","url":"https:\/\/exam.pscnotes.com\/mcq\/reserve-bank-of-india-issues-all-types-of-currency-in-india-but-it-does-not-issue-which-type-of-currency\/","name":"Reserve Bank of India issues all types of currency in India, but it does not issue which type of currency?","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T09:10:05+00:00","dateModified":"2024-04-15T09:10:05+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/reserve-bank-of-india-issues-all-types-of-currency-in-india-but-it-does-not-issue-which-type-of-currency\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/reserve-bank-of-india-issues-all-types-of-currency-in-india-but-it-does-not-issue-which-type-of-currency\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/reserve-bank-of-india-issues-all-types-of-currency-in-india-but-it-does-not-issue-which-type-of-currency\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Commerce","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/commerce\/"},{"@type":"ListItem","position":4,"name":"Banking and financial institutions","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/commerce\/banking-and-financial-institutions\/"},{"@type":"ListItem","position":5,"name":"Reserve Bank of India issues all types of currency in India, but it does not issue which type of currency?"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/33004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=33004"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/33004\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=33004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=33004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=33004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}